HenCorp: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HenCorp
Largest movements
- Tangible fixed assets +€47,163
up €47,163 (+20.3%), from €232,781 to €279,944
of which Land and buildings: +€48,893
- Receivables within one year -€36,066
down €36,066 (-60.6%), from €59,504 to €23,438
of which Trade receivables: -€55,028
- Deferred charges and accrued income +€3,928
up €3,928 (+237.1%), from €1,657 to €5,585
- Debts after one year +€41,072
up €41,072 (+21.5%), from €190,628 to €231,700
- Other debts -€12,952
down €12,952 (-31.6%), from €41,035 to €28,083
- Reserves -€6,693
no longer reported in 2024 (was €6,693)
- Profit (loss) carried forward -€4,097
new in 2024: -€4,097
- Gross operating margin +€65,869
up €65,869 (+76.8%), from €85,805 to €151,674
- Staff costs +€28,417
up €28,417 (+27.2%), from €104,583 to €133,001
- Financial charges +€14,290
up €14,290 (+1329.1%), from €1,075 to €15,365
- Depreciation +€6,255
up €6,255 (+123.8%), from €5,053 to €11,308
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €295,548 | €313,011 | +€17,464 | +5.9% |
| Fixed assets | 21/28 | €232,781 | €279,944 | +€47,163 | +20.3% |
| Tangible fixed assets | 22/27 | €232,781 | €279,944 | +€47,163 | +20.3% |
| Land and buildings | 22 | €229,641 | €278,535 | +€48,893 | +21.3% |
| Plant, machinery and equipment | 23 | €3,140 | €1,409 | -€1,731 | -55.1% |
| Current assets | 29/58 | €62,767 | €33,067 | -€29,699 | -47.3% |
| Amounts receivable within one year | 40/41 | €59,504 | €23,438 | -€36,066 | -60.6% |
| Trade receivables | 40 | €59,504 | €4,476 | -€55,028 | -92.5% |
| Other amounts receivable | 41 | - | €18,962 | +€18,962 | |
| Cash at bank and in hand | 54/58 | €1,606 | €4,045 | +€2,439 | +151.8% |
| Deferred charges and accrued income | 490/1 | €1,657 | €5,585 | +€3,928 | +237.1% |
| Total equity and liabilities | 10/49 | €295,548 | €313,011 | +€17,464 | +5.9% |
| Equity | 10/15 | €12,693 | €1,903 | -€10,789 | -85.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €6,693 | - | -€6,693 | |
| Distributable reserves | 133 | €6,693 | - | -€6,693 | |
| Profit (loss) carried forward | 14 | - | -€4,097 | -€4,097 | |
| Amounts payable | 17/49 | €282,855 | €311,108 | +€28,253 | +10.0% |
| Amounts payable after more than one year | 17 | €190,628 | €231,700 | +€41,072 | +21.5% |
| Financial debts | 170/4 | €190,628 | €231,700 | +€41,072 | +21.5% |
| Amounts payable within one year | 42/48 | €92,227 | €79,408 | -€12,819 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €23,421 | €25,333 | +€1,913 | +8.2% |
| Trade debts | 44 | €1,186 | €1,571 | +€385 | +32.5% |
| Suppliers | 440/4 | €1,186 | €1,571 | +€385 | +32.5% |
| Taxes, remuneration and social security | 45 | €26,586 | €24,421 | -€2,165 | -8.1% |
| Taxes | 450/3 | €12,446 | €16,620 | +€4,174 | +33.5% |
| Remuneration and social security | 454/9 | €14,140 | €7,801 | -€6,339 | -44.8% |
| Other amounts payable | 47/48 | €41,035 | €28,083 | -€12,952 | -31.6% |
| Remuneration, social security and pensions | 62 | €104,583 | €133,001 | +€28,417 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,053 | €11,308 | +€6,255 | +123.8% |
| Other operating charges | 640/8 | €1,437 | €2,506 | +€1,068 | +74.3% |
| Gross operating margin | 9900 | €85,805 | €151,674 | +€65,869 | +76.8% |
| Operating profit (loss) | 9901 | -€25,269 | €4,860 | +€30,129 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,075 | €15,365 | +€14,290 | +1329.1% |
| Recurring financial charges | 65 | €1,075 | €15,365 | +€14,290 | +1329.1% |
| Profit (loss) for the period before taxes | 9903 | -€26,344 | -€10,504 | +€15,839 | +60.1% |
| Income taxes | 67/77 | €276 | €285 | +€9 | +3.3% |
| Profit (loss) for the period | 9904 | -€26,619 | -€10,789 | +€15,830 | +59.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,619 | -€10,789 | +€15,830 | +59.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.